Is it just me or has anyone else noticed that Jitney likes to manipulate a stock by waiting for the last possible
second of the trading day to sell a stock bringing its value down, this institution in Quebec should be shut down.
As I speak a barrel of oil is trading strong at $109.39 a barrel which should be interesting after this private placement closes and drilling begins.
VANCOUVER, BRITISH COLUMBIA, Jan. 17, 2011 (Marketwire) --
Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) (the Company) has entered into an arms length agreement with Crown Point Ventures Ltd. (Crown Point) whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.
The acreage is prospective for the drilling of new horizontal Bakken Oil wells and includes one producing vertical Bakken Oil well and a salt water disposal facility.
The Company is not planning a consolidation of its capital stock.
Michael Turko has been appointed President & Chief Executive Officer of the Company. Gerald Otterman has resigned as President & Chief Executive Officer and has been appointed Chief Financial Officer. Ming Jang has resigned as Chief Financial Officer.
ON BEHALF OF THE BOARD
Michael Turko, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Gulf Shores Resources Ltd.
(604) 683-3309 or Toll Free: (866) 292-2601
(604) 844-2834 (FAX)
info@gulfshoresresources.com
www.gulfshoresresources.com